This week, a report released by the Oilprice.com Energy Intelligence unit claimed that Eritrea, a country located in one of the few unexplored places left in the world, has virtually sitted on a massive oil and gas reserve than any other country in the region.
The country’s potential in natural resources – especially gold and base metals – have been confirmed by a multitude of exploration and mining companies that are currently operating in the country.
But how much do we known about the existence of petroleum and natural gas, let alone the potential, in the country? Does Eritrea really have oil? Continue reading Does Eritrea have Petroleum Oil?